Canadian National Railway Co. - $1,000 US Dollar Railroad Bond - Photographic Vignette
Inv# FB5006 Bond
$1,000 Bond. Text in English & French. Very important railroad. Photographic vignette of modern locomotive. Canadian Bank Note Co Ltd.
The Canadian National Railway Company (French: Compagnie des chemins de fer nationaux du Canada) (reporting mark CN) is a Canadian National Railway (CN), headquartered in Montreal, Quebec, is Canada’s largest railway, both in terms of revenue and the extent of its rail network. Spanning Canada from the Atlantic coast in Nova Scotia to the Pacific coast in British Columbia, CN’s track network covers approximately 20,400 route miles (32,831 km). In the late 20th century, CN significantly expanded its capacity in the United States by acquiring railroads like the Illinois Central.
As a public company, CN employs 24,000 people and has a market capitalization of approximately CA$90 billion as of July 2019. Prior to privatization in 1995, CN was a Canadian Crown corporation. Bill Gates holds the largest single stake in CN stock, owning a 14.2% interest through Cascade Investment and his own Bill and Melinda Gates Foundation. From its inception in 1919 until 1960, the railway was known as “Canadian National Railways” (CNR).
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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